06:43:46 Bugpowder Lol nah. Whales are not down THAT much.
06:43:58 mircea_popescu No see, the beauty of it ? They distribute it back out, which is the other half of the mpex advantage.
06:44:07 Namworld It's an hyperbole but yeah
06:44:07 mircea_popescu
06:44:17 mircea_popescu On one hand, bettor knows sd can raise *any* sum to pay out. On the other hand, BTC it makes as profit is not retained but pumped back out, so it never chokes the market.

06:44:36 Bugpowder SO thin
06:44:48 Bugpowder ;;asks 18.9
06:44:48 Namworld ;;asks 40
06:44:50 gribble There are currently 3361.8272 bitcoins offered at or under 18.9 USD, worth 62355.6748158 USD in total.
06:44:52 gribble There are currently 45338.516 bitcoins offered at or under 40.0 USD, worth 1131983.60822 USD in total.

06:45:11 Namworld I'm watching the 40 USD/BTC mark. Beat the 33 USD/BTC record.
06:45:12 Bugpowder Asks is out of sync with clarkmoody and mtgoxlive.06:45:21 mircea_popescu Well, time to add more options I guess.

06:52:58 Namworld keeps going down a thousand or 2 every few minutes. I'd like to see the record broken. Would probably tumble down afterward.
06:53:46 Bugpowder QQQ is down 1.5% AH just due to the drop in APPL share value AH. ONLY that. AAPL is 15%.
06:54:26 jcpham ;;bids 13
06:54:27 gribble There are currently 84574.66 bitcoins demanded at or over 13.0 USD, worth 1333995.0604 USD in total.
06:54:32 jcpham ;;asks 99
06:54:34 gribble There are currently 48697.266 bitcoins offered at or under 99.0 USD, worth 1393283.24391 USD in total.

06:56:28 Bugpowder Trades are still going off on clarkmoody.
06:56:36 mircea_popescu Best bid: 18.30001, Best ask: 18.80000, this is to be preserved.
06:56:44 Bugpowder ding ding ding ding I love it with the sound on.
06:57:11 Namworld That's because all the asks have been eaten.
06:57:14 Bugpowder That was exactly HALF the bid wall at 18.01. There is still another half.
06:57:22 Namworld Now it's getting a real buying frenzy.
06:57:24 jcpham It looks like the rocket.
06:57:31 Namworld Rollercoaster time. I hope it stabilize at 20
06:57:55 mircea_popescu It might actually touch 50.
06:58:01 Namworld Eheheh.06:58:05 mircea_popescu Basically wtf, I can't add option lines as fast as the market moves.
06:58:06 Bugpowder 20 is not a point of stability dude. That is a bifurcation point.
06:58:21 mircea_popescu Bugpowder exactly. It decides : 50s or teens.
06:58:25 Bugpowder Well.... you can add them tomorrow.
06:58:30 jcpham I thought it would slow down since it is getting late.
06:58:38 Bugpowder It's morning in JAPAN.
06:58:41 jcpham This must be a differnet hemisphere.
06:58:44 mircea_popescu It's like 7am here.
06:58:53 Bugpowder Yeah its lunch in Japan.
06:59:02 Namworld ;;asks 19
06:59:04 gribble There are currently 2432.2725 bitcoins offered at or under 19.0 USD, worth 46000.0249847 USD in total.

07:01:35 Bugpowder A green candle is coming.
07:01:58 Namworld It's going to be a bad month for MPOE if the frenzy doesn't stop soon.
07:02:08 mircea_popescu The thing that's most worrisome is that the volume is appalingly low.
07:02:14 Namworld Yes.
07:02:19 mircea_popescu Price movement like this w/o like 2-500k of BTC traded ? It's not over then.
07:02:26 Namworld ;;asks 25
07:02:27 gribble There are currently 26176.486 bitcoins offered at or under 25.0 USD, worth 560171.712749 USD in total.
07:02:31 Namworld ;;asks 200
07:02:32 mircea_popescu ;;asks 50
07:02:33 gribble There are currently 61802.524 bitcoins offered at or under 200.0 USD, worth 3080707.99888 USD in total.
07:02:34 gribble There are currently 41578.264 bitcoins offered at or under 50.0 USD, worth 1093314.0675 USD in total.

07:46:59 Bugpowder Takes a week now with wires? I usually got mine next day with gox.
07:47:13 mircea_popescu Bugpowder I dunno I never did it myself. Sorta guessing. Ever tried one the other way around btw?
07:47:26 Bugpowder ACH was slow. I was never able to withdraw successfully. Also I couldn't deposit either from BoFA. They wouldn't wire the money to that account.
07:47:42 mircea_popescu Heh.
07:47:44 dust-otc Wires take ~3 days international.
07:48:06 mircea_popescu dust-otc ya but that's in case ppl are half competent.
07:48:11 mircea_popescu Bugpowder lol BOFA haters.
07:48:24 Bugpowder Tangible was way better anyway. And I changed my mind and rebought with the money I wanted to withdraw. A happy ending.
07:48:47 mircea_popescu Haha
07:48:48 mircea_popescu ;;ticker
07:48:49 gribble BTCUSD ticker | Best bid: 18.55000, Best ask: 18.63493, Bid-ask spread: 0.08493, Last trade: 18.55000, 24 hour volume: 71498.59656065, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.69095

07:52:50 mircea_popescu Heh.
07:52:52 Bugpowder Dude! How much is the deposit on those?
07:53:15 mircea_popescu Bugpowder i dunno, 2.xk a pop ?
07:53:45 Bugpowder so around 20,00007:53:58 mircea_popescu Boys, I have a theory, and i doubt you'll like it. I think MPEx quenched the rally. Basically people have been adding ~7-8k of notional BTC exposure every 10 minutes for the past half hour, and since then... well... not much action on gox. If these trades unwound there it'd have pushed volume over 100k I guess.
07:54:08 Bugpowder It comes in bursts.
07:54:28 jcpham Not really a bad thing if you ask me. Something should slow those trades a bit when it gets like that.
07:54:45 mircea_popescu jcpham I guess that's a point yeah.
07:54:58 jcpham It's like you said you can feed it coins and control the rise. Or maybe you can't anymore... today has been wild followed bya week of wild.
07:55:25 mircea_popescu I'm not trading in the underlying market. And even if I were, fuck me if I'd sell BTC in a blowup. That's a recipe for going bankrupt.
07:55:41 jcpham O.
07:56:02 Bugpowder Yah. Who wants to sell at 20 with a decent shot at 50.
07:56:58 mircea_popescu Anyway, if anyone cares max pain is like 17.8 or some shit.
07:57:24 jcpham And what did we start the day at ? 14? 14.24?
07:57:37 Bugpowder No.
07:57:40 mircea_popescu 17.0 ?
07:57:47 mod6 Yeah 17.
07:57:48 jcpham Something like that i where i started keeping track.
07:57:50 mircea_popescu Ya but was like last week.
07:57:52 jcpham Am I day behind ? I'm tired, no more talk.
07:58:12 Bugpowder U are a week behind, 14 was last thurs.
07:58:35 jcpham My days are running together.
07:58:46 Bugpowder Put down the pipe.
07:58:50 mircea_popescu lol
07:58:52 jcpham Maybe that. It's thursday though, right ? Or about to be.
07:59:41 mod6 Yea.
07:59:46 mircea_popescu yeah.
08:00:37 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
08:00:43 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:00:45 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:00:46 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:02:46 Bugpowder FFS
08:03:05 assbot [MPEX] [O.BTCUSD.C200T] 4 @ 0.05560548 = 0.2224 BTC [+]
08:03:12 Bugpowder Lol! How can someone with so many coins be so bad at math?
08:04:53 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8680571 = 868.0571 BTC [-]
08:04:55 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.9247558 = 924.7558 BTC [-]
08:04:56 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.9814545 = 981.4545 BTC [-]
08:06:04 Namworld Maybe he just has so much coins, he just HAS to buy these calls/sell these puts or else it's too slow. Then he buys a large stack on MtGox and poof.
08:06:30 Bugpowder If he has 30,000BTC he can afford the 160s. Hmmm yeah. If he has 30,000 BTC on MPEX he could have 30,000 BTC worth of currency to make plays on Gox too.
08:07:00 Namworld He might want quantity over current value.
08:07:36 Bugpowder Shit. I wish I was a player like that.
08:08:04 assbot [HAVELOCK] [SDICE] 27 @ 0.56000001 = 15.12 BTC [-]

09:08:29 Bugpowder Ok. Not using that vwap for my current valuation.
09:08:42 Namworld Ah, and to say I removed my bids for S.DICE at around 0.0018. I could have 60k S.DICE right now. At the expense of someone else, of course.
09:08:53 mircea_popescu They sold close to the month's dividend I guess... Bugpowder lmao why not!
09:09:30 Bugpowder I am usaging that shit for a day.
09:09:44 mircea_popescu Hahaha. "I am usaging" lmao.
09:10:52 dust-otc I read it as "usagi-ing that shit" for a day.
09:10:59 mircea_popescu I'm sure it's what he meant.
09:11:07 Bugpowder 60K of my shares got bot too. So it went up then down?
09:12:09 Namworld Down then 20 seconds after, up.
09:12:12 mod6 Down then up. After the dump there was ~500`000 @ .00085848 for about 30 seconds
09:12:39 Namworld Probably someone going holy fucking shit @&*$@* dumb me fuckin @$@#... :O Damn.
09:12:59 mod6 Then the buy for 15`000, then the rest was pulled, and then someone bought hard. I couldn't hardly believe my eyes, was O.O.
09:13:42 mircea_popescu mod6 lol people be watching the tickers I guess.
09:14:24 Namworld Yeah, definitly someone interchanging price and amount to sell.
09:14:33 mod6 Yeah. :/
09:14:36 Namworld Want to sell a bit at high price, sold a lot at low price. Or he wanted 0.008.... make a large sell wall. A small error can cost a lot when placing a trade order. Biggest I made was a 50 BTC loss.
09:15:10 mircea_popescu It's the nature of the beast. Talking directly into the pit, results follow.

09:16:07 Namworld Can I get in on that, bug?
09:16:17 Bugpowder 2 and 10. Sure.
09:16:28 mircea_popescu Bugpowder that is totally a ponzi man. Srsly now.
09:16:36 Namworld What are you doing exactly?
09:16:48 Bugpowder Trading MPEx.
09:16:51 mircea_popescu He's buying s.dice at 60 and selling at 18.
09:16:56 Bugpowder Lol.
09:16:58 mircea_popescu Or no wait. Vice-versa. Dang, i mixed them up...
09:17:25 Bugpowder I'm buying S.DICE at 34 and selling at 54.
09:17:32 mircea_popescu O, did you miss the 32 ?
09:17:33 Bugpowder And buying at 48 And selling at 69900.
09:17:48 mircea_popescu Lol.
09:17:50 Bugpowder Yes, I was not yet with us.
09:17:56 Namworld Ok, I'll give you 1 BTC and come back next year for my 200 000 BTC.
09:17:58 mircea_popescu Did you make enough for a russian mail order bride yet ?
09:18:15 Bugpowder How much do those cost?
09:18:41 mircea_popescu I have no idea. like a used camry ?
09:18:47 mod6 Lol. So about $1200.
09:18:58 Bugpowder Yeah I got a whole used car lot then.
09:19:13 mircea_popescu Get one for you, one for your wife,
09:19:16 mircea_popescu and one for the family dog.
09:19:31 Bugpowder I was just talking to her about this topic. If I keep this up I will trade or sell coins and buy a Tesla model S. And get a plate that says BTCAR.
09:20:19 mircea_popescu Ahahah
09:20:20 Bugpowder Or BTC CAR. Or BITCAR. Or something like that.
09:20:30 mircea_popescu Runs on lulzmoney.
09:20:33 Bugpowder Her idea.
09:20:37 mod6 Haha.
09:20:49 Namworld 25k for a good one. But you can get as low as $2000, but the girl might have a pronounced Adam's apple. I recommend not being a cheapskate.
09:20:57 Bugpowder Best $2,000 investment evar.
09:20:57 mircea_popescu Ye see this here car ? I bought myselv this here car on Internet funny money. And I pay for the electricity through mining for lulz.
09:21:14 Bugpowder Maybe Elon will trade me one for bitcoins.
09:21:47 mircea_popescu Namworld I dunno dood, that Murmansk miner didn't sound like he'd ask for 25k.
09:22:14 Bugpowder 27,000 short puts at 330-350?!? That guy has enough capital to move the market.
09:22:20 Namworld Yeah, totally making prices up anyway.
09:22:44 Bugpowder Thats at least 60,000 BTC in deposits.
09:22:50 mircea_popescu Bugpowder maybe its the btc he bought on gox.
09:22:55 Namworld I lost the opportunity of cheap S.DICE. Because I bought 1800 calls at 17.
09:23:12 Bugpowder Hahhah.
09:23:17 mircea_popescu Lmao.
09:23:18 Namworld Would have loved to catch those cheap S.DICE.
09:23:29 mircea_popescu MPEx. No matter what you do, you'll regret it. Like Willy Wonka's chocolate fabriquator.
09:23:35 Bugpowder The current great idea is rarely the best.
09:23:50 Namworld Eh, you can't have capital in escrow on everything.
09:23:55 mircea_popescu Why not ?
09:24:15 Namworld Well you can, but only by spreading what you have available.
09:24:23 mircea_popescu That's a point.
09:24:28 Namworld I sunk about 450 BTC in S.BVPS and had 100 BTC left. I had a large order for lowball S.DICE before. But I wanted CALLS.
09:24:41 Bugpowder Seriously though... this guy buys 30,000 calls, shorts 27,000 puts 16 hours before opex... I think he is going to make a play to push the price.
09:25:01 mircea_popescu Bugpowder why do you think it;s the same dood ?
09:25:15 mircea_popescu ;;ticker
09:25:15 gribble BTCUSD ticker | Best bid: 18.34886, Best ask: 18.47000, Bid-ask spread: 0.12114, Last trade: 18.47776, 24 hour volume: 69656.34524887, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.82456

09:25:19 Bugpowder Because they went off at the same time. Similar size, and stopped together too.
09:25:34 mircea_popescu Rally looks well spent actually. Maybe in a few hours it starts over.
09:25:45 mircea_popescu No they didn't, the calls are still on the books. Bot ran out.
09:25:54 Bugpowder Ah. Whats the total exposure?
09:26:15 mircea_popescu Imo it's obviously two diff guys. Other than very diff economics involved, one put in a calls order and left, the other kept doing market orders to wipe the bot. Like 60k.
09:26:33 Namworld MPEx bot ran out?
09:26:37 mircea_popescu Well yes.
09:26:44 Namworld That explains why options are no longer sold...
09:26:47 Bugpowder MPBOR of 25%.
09:26:58 mircea_popescu It originally had 5k of any option, but then I expanded him to 8k. Bugpowder for sure max interest asked. And actually on the 170s, check out the spread hehe 0.07060548 / 0.07286167.
09:28:58 Bugpowder If he put up a simlar bid on the 160s id be tempted to cash it. But... they must know something is coming. Might. Might know.
09:29:21 mircea_popescu I think the call buys are pure fear. Someone owing 10-20k btcs and having dollars. So they went fuck it, lose some coins, not lose the house.
09:29:37 Bugpowder Yah. That makes sense.
09:29:47 mircea_popescu Whereas the puts are speculative, expects price increase.
09:30:03 Bugpowder Well I'm glad im on their team.
09:30:09 mircea_popescu But there's no way to explain why he only bought the cheap calls and all of them other than because he was thinking "infinite price".
09:30:37 Bugpowder Really need sleep. Im fucked tomorrow now.
09:30:46 mircea_popescu Go ahead and sleep, it's an excellent trigger for interesting shit.
09:30:56 mod6 Haha. Be right back in 15 minutes.
09:31:06 mircea_popescu Lol. I dunnop what can happen anymore tho. Maybe bbet sells out.
09:32:11 mod6 :]

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